TA Realty – a provider of real estate investment management services to U.S. and non-U.S. institutional investors – recently announced the final close of TA Realty Value-Add Fund XIII (Fund XIII), which was oversubscribed with total equity commitments of approximately $1.8 billion.
Fund XIII is the latest in TA Realty’s flagship series of value-add funds, which is focused on acquiring industrial and multifamily assets as well as grocery-anchored shopping centers in major U.S. markets. Fund XIII has received capital commitments from a diverse group of global institutional investors, including pension plans, sovereign wealth funds, endowments and foundations, insurance companies, and family offices.
Since 1987, TA Realty has raised over $12 billion of equity for its flagship value-add fund series. And Fund XIII had significant participation from existing investors and attracted several new investors to the TA Realty platform, reflecting the strong global demand for the firm’s value-add investment strategy.
KEY QUOTE:
“We believe the success of this fundraise is a direct reflection of the trust and confidence our existing and new investment partners have in us to execute our investment strategy. Over time, we have demonstrated that our experience, patience and discipline make us capable of effectively navigating varying market environments with precision. We look forward to prudently deploying this capital into value-add investments that have the potential to deliver attractive risk-adjusted returns.”
— Jim Raisides, Managing Partner at TA Realty
